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How Babylon’s Blue Hire Acquisition Could Transform Its Rental Fleet
11:43pm on Monday 2nd of June, 2025 AEST
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Industrial Services
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How Babylon’s Blue Hire Acquisition Could Transform Its Rental Fleet
11:43pm on Monday 2nd of June, 2025 AEST
Key Points
Acquisition of 100% of Blue Hire, a specialist pump hire and hydrotesting provider
Pro forma FY24 revenue projected at $54 million with $14 million EBITDA including Blue Hire and Matrix
Blue Hire founder Byron Ynema joins Babylon leadership to manage combined rental fleet
Acquisition funded by a new NAB debt facility supporting Babylon’s growth strategy
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Babylon Pump & Power (ASX:BPP)
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